Business Nominee
The Yukon is seeking individuals with proven entrepreneurial and business skills to operate their own businesses to help bolster the northern territory’s economy. All those applying under the Yukon Business Nominee Program (YBNP) must desire to own and operate a business within Yukon.
Applicants who are nominated will receive a letter of support for a two year work permit from Immigration, Refugees and Citizenship Canada (IRCC). While on this work permit, the applicant can establish themselves and their business in the Yukon. Following this two-year period, the applicant will receive support from the territory to apply for permanent residence with IRCC, provided they meet the eligibility requirements.
Program Requirements
| Requirement | |
|---|---|
| Express Entry Profile | No |
| Connection to Province | No |
| Job Offer | No |
| Language Proficiency | CLB 4 |
| Level of Education | High school |
| Work Experience | Business ownership and/or management 5 years |
| Investment Requirement | Investment: $300,000 CAD Personal Net Worth: $500,000 CAD |
Language Proficiency
To be eligible for the Yukon Business Nominee stream, candidates must have official language test scores showing proficiency equivalent to the Canadian Language Benchmark (CLB) level 4 or higher.
Work Experience
Since this is a business immigration stream, candidates must demonstrate that they have enough business ownership or management experience to successfully establish and run a business in Yukon. Candidates must have at least three (3) years of entrepreneurial or business management experience, and at least five (5) years of related work experience.
Investment Requirement
Candidates must demonstrate a personal net worth of at least $500,000 CAD. As well, successful applicants must invest a minimum of $300,000 CAD in a Yukon business which they will establish and manage. The candidate must own at least one-third (33.33%) of the Yukon business.
The business must also be in one of the Yukon’s strategic sectors, and must not be in an ineligible industry.
Eligible candidates will be invited to sign a business performance agreement with Yukon that outlines the conditions under which the candidate will receive a provincial nomination.
Points Assessment Grid
Candidates must score at least 65 points on the Yukon Business Nominee points assessment grid.
Application Procedure
The Yukon Business Nominee stream operates on an Expression of Interest (EOI) system. Eligible candidates must register with the Yukon Business Nominee Program (YBNP). This registration includes submitting a business proposal. If the business proposal meets the program criteria, the applicant will join a pool of applicants.
The YBNP selects candidates from this pool and invites them to submit a complete application to the stream. Note that the YBNP does not disclose the criteria they use to select applicants, how many applicants are selected, nor how frequently.
If the complete application is approved, the applicant will then need to attend an in-person interview in Yukon. Following a successful interview, the candidate will be issued a letter of support for a two-year temporary work permit from the YBNP. The applicant will then need to use this letter of support to apply to IRCC for a temporary work permit.
If this application is successful, the applicant must then travel to the Yukon and establish themselves, their family, and their business. If the applicant successfully establishes the business and meets all of the conditions of the performance agreement, Yukon will issue them a nomination for permanent residence.
After receiving a nomination, the applicant has six months to submit a federal application for Canadian permanent residence. Applicants in this program must complete and submit a paper-based application for permanent residence and submit it by mail to the appropriate application centre. Paper-based PNP applications for permanent residence are generally processed within 18 months.
Yukon Business Nominee Assessment Grid
| Factor | Max Points |
|---|---|
| Investment Value | 12 |
| Liquid Assets | 8 |
| Prior Visits | 8 |
| Entrepreneurial and/or Management Experience | 10 |
| Education | 20 |
| Personal Net Worth | 8 |
| Age | 10 |
| Language | 12 |
| Work Experience | 10 |
| Location of Proposed Business | 5 |
| Minimum Pass Score | 65 |
Investment Value
| Investment Value | Points |
|---|---|
| $300,000 to $400,000 | 6 |
| $401,000 to $750,000 | 8 |
| $750,000 + | 12 |
| Maximum | 12 |
Liquid Assets
| Liquid Assets | Points |
|---|---|
| $300,000 to $450,000 | 6 |
| $451,000 + | 8 |
| Maximum | 8 |
Prior Visits
| Prior Visits | Points |
|---|---|
| 3 to 6 days | 4 |
| 7 to 10 days | 6 |
| 11 days or more | 8 |
| Maximum | 8 |
Entrepreneurial Experience
| Years of Entrepreneurial or Management Experience | Points |
|---|---|
| 3 to 5 years | 8 |
| 6 years or more | 10 |
| Maximum | 10 |
Education
| Level of Education | Points |
|---|---|
| High School | 10 |
| 1 year of post-secondary education | 12 |
| 2 years of post-secondary education | 16 |
| Bachelors Degree | 18 |
| Masters or Ph.D | 20 |
| Maximum | 20 |
Personal Net Worth
| Personal Net Worth | Points |
|---|---|
| $500,000 to $750,000 | 6 |
| $751,000 + | 8 |
| Maximum | 8 |
Age
| Age | Points |
|---|---|
| 21-49 | 10 |
| 50-51 | 8 |
| 52-53 | 6 |
| 54-55 | 4 |
| 56+ | 0 |
| Maximum | 10 |
Language
| Language Abilities | Points |
|---|---|
| Less than IELTS 4 / CELPIP 4 / TEF 3 | 0 |
| IELTS 4-6 / CELPIP 4-7 / TEF 3-4 | 8 |
| IELTS 7+ / CELPIP 8+ / TEF 5+ | 12 |
| Maximum | 12 |
Work Experience
| Work Experience | Points |
|---|---|
| 5-7 years | 8 |
| 8 + years | 10 |
| Maximum | 10 |
Location of Business
| Location of Proposed Business | Points |
|---|---|
| In Whitehorse and surrounding areas | 0 |
| In a rural community | 5 |
| Maximum | 5 |
Strategic Sectors
Strategic Sectors
| Strategic Sectors |
|---|
| Information Technology |
| Manufacturing |
| Value-added Processing |
| Forestry |
| Tourism Products, Attractions, Services and Facilities |
| Energy |
| Mining or Mineral Development |
| Agriculture |
| Cultural Industries |
| Film and Video Production |
Conversely, the business must not belong to any of the following sectors:
Ineligible Sectors
| Ineligible Sectors |
|---|
| Passive investments |
| Retail, wholesale, or distribution operations |
| Restaurants |
| Financial services |
| Business, consultation and personal services |
| Most professional services |
| Real estate |
| Holding companies |
| Gas stations |
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